Diamonds and Dogs
People are returning to the skies. Hawaiian Airlines (HA) is up 4% after raising their outlook citing strong demand in North America during an airline conference held today. American Airlines expects bookings to be 90% of 2019 levels this summer and match 2019 levels by Labor Day. Delta said bookings in leisure segment are above 2019 levels.
Profit-taking in AutoZone (AZO). AutoZone is down 2% today and down 8% from recent highs even as the company continues to report strong earnings as sales rose 31% to $3.65 billion last quarter. Auto parts retailers were big winners during the Covid-19 crisis, as supply shortages, government stimulus checks, and economic uncertainty fed demand for car repair.
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